RESPONSIBILITY FOR ANNUAL FINANCIAL STATEMENTS
The directors of Reunert are responsible for the
integrity of the annual financial statements of the
company and group and the objectivity of other information
presented in the annual financial statements.
In order to fulfil this responsibility, the group
maintains internal accounting and administrative control
systems designed to provide reasonable assurance that
assets are safeguarded and transactions are executed
and recorded in accordance with the group’s policies
and procedures.
In presenting the accompanying annual financial statements,
International Financial Reporting Standards have been
followed, applicable accounting policies have been
used and prudent judgements and estimates have been
made. The annual financial statements are examined
by our external auditors in conformity with International
Standards on Auditing.
An audit and risk committee, consisting of at least
three independent, non-executive directors, one of
whom acts as chairman, meets at least two times per
annum with both the internal and external auditors
to ensure that internal financial controls provide
reasonable assurance that the group’s assets are safeguarded
and that the financial records may be relied upon for
the preparation of the financial statements.
In terms of section 11.26 and section 7 d.11 of the
Listings Requirements of the JSE, the directors, whose
names are given in the board
of directors section of
the annual report of which this statement of directors’
responsibility forms part, are not aware of any legal
or arbitration proceedings, including proceedings that
are pending or threatened, that may have or have had
in the recent past, being at least the previous 12
months, a material effect on the group’s financial
position.
Other than the facts and developments reported on
in the annual report, there have been no material changes
in the affairs or financial position of Reunert and
its subsidiaries since the date of this annual report.
The annual financial statements appearing here were approved by the board of directors on
17 November 2009 and are signed on its behalf by: |
